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EURUSD Targets Lower End of Range
Thursday, 06 November 2008 20:47:12 GMT  |  Jamie Saettele, Senior Currency Strategist
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In the technicals this week, I have focused on the possibility of a triangle in the EURUSD.  If a triangle is underway, then the EURUSD should find a temporary bottom before 1.2525; the triangle support line comes in near 1.2650.  There are of course other possibilities, one of which includes a test of the low at 1.2329.  The key point is that the EURUSD is in a range and probably will remain in one for the next 2 to 3 trading days before breaking (probably lower).

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